User:Nick Gardner /Sandbox: Difference between revisions

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See the [[Economics/Related Articles|economics glossary]] for definitions not shown on this page
See the [[Economics/Related Articles|economics glossary]] for definitions not shown on this page
In 1999 further  concern about the danger of instability led to the creation of the [[Financial Stability Forum]] <ref>[http://www.fsforum.org/index.htm The Financial Stability Forum]</ref>  to promote information exchange and international co-operation in financial supervision and surveillance.
At the meeting of the leaders of the G20 countries on 15th November 2008 it was agreed that action should be taken to:-
*  strengthen financial market transparency  and accountability,
* strengthen regulatory regimes, prudential oversight, and risk management,
* protect the integrity of the world's financial markets by bolstering investor and consumer protection, avoiding conflicts of interest, preventing illegal market manipulation, fraudulent activities and abuse, and protecting against illicit finance risks arising from non-cooperative jurisdictions; and promote information sharing, including with respect to jurisdictions that have yet to commit to international standards with respect to bank secrecy and transparency,
* coordinate the regulation of financial markets and  strengthen  cooperation on crisis prevention, management, and resolution,
and that
*  regulators were to develop  guidance to strengthen banks' risk management practices,
*  regulators  were to ensure that financial firms improve  their management of liquidity risk,
*  the Basel Committee was to  help the development of new stress testing models, 
*  financial institutions were to create  incentives to promote stability, and avoid  rewarding risk taking, and,
*  banks were to exercise effective risk management and due diligence over structured products and securitization.
''(The actions that were agreed are listed in more detail at the addendum [[http://en.citizendium.org/wiki/G20_summit/Addendum]] to the article on the [[G20 summit]].)''

Revision as of 09:27, 31 January 2010

glossary on the Related Articles subpage.

See the economics index for an index to topics referred to in the economics articles.

See the glossary on the Related Articles subpage.

See the economics glossary for definitions not shown on this page

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